How many consumers are rational?

DOI10.1016/J.JECONOM.2011.06.015MaRDI QIDQ738029zbMATH OpenOpenAlexFDO

Authors Stefan Hoderlein

Publication date 12 August 2016

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL http://fmwww.bc.edu/EC-P/wp748.pdf

zbMATH Keywords

demandintegrabilitynonparametricnonparametric IVnonseparable modelstesting rationality

Mathematics Subject Classification ID

Applications of statistics to economics (62P20)

Recommendations

• Non-Parametric Tests of Consumer Behaviour
• Approximately rational consumer demand
• Nonparametric Analysis of Random Utility Models
• Testing for rationality: the case of discrete choice data
• A note on nonparametric tests of consumer behaviour

Cites work

• Analyzing the random coefficient model nonparametrically
• Cross Section and Panel Data Estimators for Nonseparable Models with Endogenous Regressors
• Efficient Intra-Household Allocations: A General Characterization and Empirical Tests
• Empirical Evidence on the Law of Demand
• Identification and estimation of triangular simultaneous equations models without additivity
• Identification in Nonseparable Models
• Increasing the price variation in a repeated cross section
• Nonparametric Engel Curves and Revealed Preference
• Semi-Nonparametric IV Estimation of Shape-Invariant Engel Curves
• Testing and imposing Slutsky symmetry in nonparametric demand systems
• Tests of Additive Derivative Constraints
• The Demand Theory of the Weak Axiom of Revealed Preference

Cited in

(24)

• Testing for rationality: the case of discrete choice data
• Approximately rational consumer demand
• How quasi-rational are you?: A behavioral interpretation of a two form which measures non-integrability of a system of demand equations
• Slutsky matrix norms: the size, classification, and comparative statics of bounded rationality
• Bounding counterfactual demand with unobserved heterogeneity and endogenous expenditures
• Revealed preference theory for finite choice sets
• The triangular model with random coefficients
• Testing for separability in structural equations
• Testing and imposing Slutsky symmetry in nonparametric demand systems
• Testing for monotonicity in unobservables under unconfoundedness
• Testing for treatment dependence of effects of a continuous treatment
• Identification and estimation of local average derivatives in non-separable models without monotonicity
• Specification testing in random coefficient models
• Nonparametric instrumental variable derivative estimation
• Partial identification of nonseparable models using binary instruments
• Identification and identification failure for treatment effects using structural systems
• Nonparametric identification in nonseparable panel data models with generalized fixed effects
• Semiparametric estimation of random coefficients in structural economic models
• Testing the homogeneous marginal utility of income assumption
• Stochastic volatility demand systems
• Testing a conditional form of exogeneity
• Nonparametric difference-in-differences in repeated cross-sections with continuous treatments
• Local indirect least squares and average marginal effects in nonseparable structural systems
• Testing multivariate economic restrictions using quantiles: the example of Slutsky negative semidefiniteness

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